Benelux: Spice Market 2024

Spice Market Size in Benelux

In 2022, after two years of growth, there was significant decline in the Benelux spice market, when its value decreased by X% to $X. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Spice Production in Benelux

In value terms, spice production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The Netherlands (X tons) constituted the country with the largest volume of spice production, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Netherlands was relatively modest.

In 2022, the average spice yield in Benelux amounted to X tons per ha, approximately mirroring 2021 figures. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the spice yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of spices were harvested in Benelux; flattening at the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Spice Exports

Exports in Benelux

In 2022, after six years of growth, there was decline in shipments abroad of spices, when their volume decreased by X% to X tons. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, spice exports reduced to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

The Netherlands prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X tons), making up an X% share of total exports.

The Netherlands was also the fastest-growing in terms of the spices exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest spice supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

In the Netherlands, spice exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Spice Imports

Imports in Benelux

In 2022, the amount of spices imported in Benelux stood at X tons, flattening at the year before. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, spice imports contracted to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

The Netherlands represented the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Belgium (X tons), creating a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the spices imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands increased by X percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported spices in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a mild reduction. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform